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-   -   Stock Market update: Everybody panic! (https://www.subsim.com/radioroom/showthread.php?t=221611)

Catfish 06-27-16 05:33 AM

^ Right, i think



"It’s true that the pound has fallen by a lot compared with normal daily fluctuations. But for those of us who cut our teeth on emerging-market crises, the fall isn’t that big – in fact, it’s not that big compared with British historical episodes. The pound fell by a third during the 70s crisis; it fell by a quarter during Britain’s exit from the Exchange Rate Mechanism in 1992; it’s down about 8 percent as I write this. ....


Furthermore, Britain is a nation that borrows in its own currency, not subject to a classic balance-sheet crisis due to currency devaluation – that is, it’s not like Argentina, where the fall in the peso wreaked havoc with firms and consumers who had borrowed in dollars. If you were worried that fears about Brexit would cause capital flight and drive up interest rates, well, no sign of that – if anything the opposite.«

from: http://www.vox.com/2016/6/24/1202472...ists-recession

Jimbuna 06-27-16 06:08 AM

^As per the above.

FTSE (at time of posting) is 6,044.22 Down 94.47(1.54%).

No big deal and a lot less than in previous periods during the past twelve months.

Oberon 06-27-16 12:27 PM

So far so good then. :yep:

EDIT: Well...with the exception of:

https://pbs.twimg.com/media/Cl-eTqCWkAEkUtA.jpg

Jimbuna 06-27-16 01:09 PM

Could fast be approaching the time for the financial 'wizards' to start buying, especially when BoE intervention is expected.

Oberon 06-27-16 02:09 PM

Speaking of those wizards, a former analyst from the Organisation for Economic Co-operation and Development:

https://pbs.twimg.com/media/Cl9cs11WEAUH4ed.jpg:large

Jimbuna 06-27-16 02:56 PM

I wonder if they'll be so 'sure' in a couple of weeks?

Oberon 06-27-16 03:02 PM

Quote:

Originally Posted by Jimbuna (Post 2414858)
I wonder if they'll be so 'sure' in a couple of weeks?

I hope not, but given the political gridlock and that the big two parties seem to be self-immolating, I can't see much changing in the short term. Maybe Gideon will get his finger out and start shoring things up a bit, but honestly politically it's in his favour to let things run and let the UK take a nose-dive in an 'I told you so' kind of way, and it'll discredit Bojo too who seems to have taken a big jump into a pit of dirt and is trying to figure out how to dig himself out.

Jimbuna 06-27-16 03:09 PM

Gideon is probably reliant on Boris and Gove for his future prospects atm.

Catfish 06-28-16 05:30 AM

Quote:

Originally Posted by Oberon (Post 2414792)
So far so good then. :yep:

EDIT: Well...with the exception of:

https://pbs.twimg.com/media/Cl-eTqCWkAEkUtA.jpg

Nothing to see, in several posts of the past. Also some missing in the Brexit thread. Is it a glitch, deleting, or (ahem) censorship? :hmmm:

Jimbuna 06-28-16 08:15 AM

Quote:

Originally Posted by Catfish (Post 2415024)
Nothing to see, in several posts of the past. Also some missing in the Brexit thread. Is it a glitch, deleting, or (ahem) censorship? :hmmm:

Currently talking to Neal on Skype and having checked the moderator log we can find nothing untoward.

Could you point us in the right direction?

Catfish 06-28-16 08:29 AM

Hey sorry, i should not be so fast with accusations :oops:
Have seen this several times, some examples but did not find all:

http://www.subsim.com/radioroom/show...&postcount=153

http://www.subsim.com/radioroom/show...&postcount=155

http://www.subsim.com/radioroom/show...&postcount=936


I do not see any pictures or links, in the posts (?)

Jimbuna 06-28-16 08:43 AM

The first link was a post edited by the poster, the second link is to an individual post and the third link is to a post in which the attached image hasn't stuck, opening in another tab takes you to an error page of the Alternate History site.

None of the above are down to moderator actions and to quote Neal just now "Nothing to do with us". :03:

Onkel Neal 06-28-16 08:44 AM

1 Attachment(s)
hi Catfish,

I don't see anything wrong, I can see the images in Oberon's posts, except the one that links to this site http://www.alternatehistory.com/foru...yn-jpg.278802/

Certainly no censorship, mate. That's a Last Resort in Subsim's forums and we take that very seriously.

Catfish 06-28-16 08:49 AM

Hello Neal and Jim,
so the error seems on my side, cannot see the links or anything at all. Firefox here .. :hmmm:
Ok will check this, and report.

Thank you for your assistance, and greetings,
Catfish :salute:

Oberon 06-28-16 11:26 AM

Whoops, my bad...that's what I get for hotlinking from alternate history without thinking... :oops:

The one that Neal couldn't see, that's this:

http://i.imgur.com/D3pa2Rp.jpg


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